The Europe Application Management Services Market would witness market growth of 17.4% CAGR during the forecast period (2021-2027).
Application Management Services are services that firms use to outsource their enterprise application management procedures to other enterprises. It includes application maintenance, change, and improvement services as well as support throughout the application lifecycle. It is also referred to as an enterprise application management service. These services are outsourced to a variety of firms with application management competence.
Businesses are increasingly using a variety of apps to meet customer demands, communicate with numerous participants in the production chain, and keep up with the rapidly changing technology world. The rise of new technologies like the Internet of Things, cloud computing, and analytics, which are upending established system paradigms, has aggravated such conditions. Because of these factors, the application management industry is expected to continue to grow.
Europe is also a region with high demand for application management services. The demand for application management services across the region is attributed to the increased emphasis of people toward enhancements and advancements of IT application studies. The constantly increasing number of developments in the field of application management would further accelerate the standards of application management services across Europe.
The Germany market dominated the Europe Application Management Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,784.3 million by 2027. The UK market would witness a CAGR of 16.5% during (2021 - 2027). Additionally, The France market is poised to grow a CAGR of 18.2% during (2021 - 2027).
Based on Organization Size, the market is segmented into Small & Medium Enterprises and Large Enterprises. Based on Industry Vertical, the market is segmented into Telecom & IT, BFSI, Healthcare, Retail & eCommerce, Government & Defense, Manufacturing and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Services Type, the market is segmented into Application Portfolio Assessment, Application Security, Application Modernization, Web & Mobile, Cloud Application Migration and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Application Management Services Market Size will Hit $57.1 Billion by 2027, at a CAGR of 18.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Fujitsu Limited, IBM Corporation, DXC Technology Company, HCL Technologies Ltd. (HCL Enterprises), Wipro Limited, Atos Group, Capgemini SE, Cognizant Technology Solutions Corporation, and Tech Mahindra Limited.
By Organization Size
By Industry Vertical
By Deployment Type
By Services Type
By Country
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